BiggerPockets Daily Price Cuts Get Steeper
Oct 10, 2025
The housing market is shifting, with one in six sellers reducing their prices as buyers gain leverage. Nearly 4% of homes sold are below the list price, marking a significant change. Single-family homes are seeing the steepest cuts, while some coastal markets are resisting the trend. High costs, rising inventory, and economic uncertainty are driving these price drops. Buyers are encouraged to negotiate on stagnant listings, whereas sellers are advised to set realistic prices and be patient.
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Buyers Gain Clear Negotiating Power
- In August 16.7% of U.S. home sellers cut their asking price, the highest August share since 2012.
- The typical home sold for 3.8% below list, giving buyers their strongest leverage since 2019.
Market Shift From Sellers To Buyers
- Supply now exceeds demand by over half a million homes, officially making it a buyer's market.
- Sellers who expect pandemic-era prices are facing a market reality adjustment.
Price Right Upfront Or Risk Bigger Cuts
- Sellers should set realistic expectations and price appropriately from the start to avoid cascading cuts.
- Longer time on market increases the chance of discounted offers, so price and patience must be balanced.